Description

Trading suspended in commercial papers of 10 companies due to upcoming redemption with record dates between December 12-15, 2025.

Summary

BSE has suspended trading in commercial papers of 10 companies effective from their respective “no dealings” dates. The suspension is due to upcoming redemptions with record dates fixed between December 12-15, 2025. Trading members are advised not to deal in these commercial papers from the specified dates.

Key Points

  • 10 companies have fixed record dates for commercial paper redemption
  • Trading suspension effective from respective “no dealings” dates
  • All redemptions scheduled between December 12-15, 2025
  • Notice issued under Category: Corporate Actions, Segment: Debt
  • Notice Number: 20251210-7, dated December 10, 2025

Affected Commercial Papers

Effective December 12, 2025:

  • SBICAP Securities Limited (INE212K14CF0/730239) - Record Date: 12/12/2025

Effective December 15, 2025:

  • Godrej Finance Limited (INE02KN14408/728463)
  • Vertis Infrastructure Trust (INE0KXY14030/728473)
  • Julius Baer Capital (India) Private Limited (INE824H14SJ6/730243)
  • HDFC Securities Limited (INE700G14PY5/730245)
  • Bajaj Financial Securities Limited (INE01C314CT1/730246)
  • SBICAP Securities Limited (INE212K14CG8/730248)
  • DSP Finance Private Limited (INE422H14024/730288)
  • Tata Steel Limited (INE081A14GH7/730409)
  • Redington Limited (INE891D14A87/730417)

Compliance Requirements

  • Trading members must not deal in the listed commercial papers from their respective “no dealings” dates
  • Members should ensure compliance with the suspension to avoid regulatory issues
  • Internal systems should be updated to reflect trading restrictions

Important Dates

  • December 12, 2025: Trading suspension begins for SBICAP Securities Limited CP; Record date for redemption
  • December 15, 2025: Trading suspension begins for 9 companies’ CPs; Record date for their redemptions

Impact Assessment

Market Impact: Medium - affects debt market participants holding or trading these specific commercial papers

Operational Impact: Routine redemption process with standard trading suspension. No unusual circumstances reported.

Investor Impact: Investors holding these commercial papers will receive redemption proceeds as per the terms. Trading suspension is temporary and specific to redemption record dates.

Reference: Circular DR-776/2025-2026 and DR-777/2025-2026 issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Impact Justification

Routine commercial paper redemption affecting debt market participants but limited to specific securities with short suspension periods